SPECIAL RULES PERTAINING TO BANKRUPTCY AUCTION OF JACKSON FAMILY MEMORABILIA:
The auctioneer is not responsible for errors or omissions in the titles, descriptions or photographs. All items are part of the Vintage Associates LLC bankruptcy proceedings. A 25% buyer’s premium will apply to each lot sold in this auction. Some lots may require special shipping and handling due to size and weight. Payment must be remitted within 7 business days.
All Michael Jackson copyrights and rights of publicity are property of the Estate of Michael Jackson. No intellectual property rights, including copyrights and rights of publicity, in any photograph or recording that includes Michael Jackson in the image or on the recording are being sold, nor may they be purchased through this auction.
WHEN AND HOW THE AUCTION CLOSES
Beginning at 9:00pm EST of the last day of the auction our system activates a ten minute countdown clock. Each bid received after 9:00pm will extend the entire auction closing by ten minutes from the time that bid is placed (see "Overtime bidding" below). All items remain open for bidding until we receive no new bids on any items in the auction for a period of ten minutes. At that point the entire auction (all lots) will close automatically and no bids will be accepted after that time. This ensures that everyone will have the time and opportunity to rebid on any items on which they've been outbid without the fear of bid snipers. We anticipate that the auction will run for several hours after the clock begins but cannot guarantee a definite end time. For this reason we recommend that you take advantage of the maximum bid option when placing your bids. You can set a maximum bid amount on any lot upon which you are bidding and the bid will be placed on your behalf by the auction program, if necessary, to secure the lot for the lowest possible bid, unless another bidder tops your maximum amount. The maximum amount you set will only be applied, as necessary, if someone else should place a bid on that lot after your bid is placed.
Before you bid: Registration
Your bid is a contract
All bids placed online with GOTTA HAVE IT!® Collectibles, GOTTAHAVEIT.COM® and Gotta Have Rock and Roll.com™ are legally binding. By registering and bidding in this auction you are entering into a legal contract. If you are the successful bidder on any lots you will be considered the buyer of the lot.
Gotta Have Rock and Roll.comTM guarantee the authenticity and condition of every item offered for auction. All items come with a Gotta Have Rock & Roll™ Certificate of Authenticity.
We do not guarantee the inclusion of vinyl with signed albums. If vinyl is included it will state as such in the description. In addition, we do not guarantee the condition of the frame on a framed item. We are selling the artifact that is within the frame, and therefore consider the value to be in the item itself, not the frame. All clothing is sold as is. Clothing is stage or personally used, and as such, condition will vary.
Bids placed on any lot within 10 minutes of the auction’s scheduled closing time will extend the closing time by 10 minutes of all the lots in the auction The auction will end when no new bids have been received on any lots in the auction for a period of 10 minutes.
Maximum bidding option
You can set a maximum bid amount on any lot upon which you are bidding and the bid will be placed on your behalf by the auction program. The maximum amount you set will only be applied as necessary - if someone else should place a bid on the lot after your bid is placed, the system will automaticaly go to the next increment level, leaving you as the high bidder - until your maximum is reached. You can then choose to place a straight bid or another maximum bid.
If you think that you will be unavailable to place bids on the item(s) you are interested in you can place “absentee” bids by either placing a maximum bid on any item(s) you are interested in, or you can contact GOTTA HAVE IT! and arrange for a representative of the company to place a maximum bid on your behalf. If you are interested in this service place contact us toll-free at 800-950-1202 or at 212-750-7900. You must be registered for the auction in order to place an absentee bid, which we can do on your behalf when you call. When calling please give us your user name and password and we will bid on your behalf.
If you wish to bid via telephone please contact us toll free at 800-950-1202 or 212-750-7900. You must be registered for the auction in order to place a telephone bid, which we can do on your behalf when you call.
The “callback” is a service we provide to those who request it so they can be aware of when they have been outbid on items they are bidding on. This is an added courtesy to the automatic email that is sent to you when you have been outbid and should not be used instead of checking your email. We will make every effort to contact every bidder who requests this service, but we cannot guarantee you will be contacted if we are inundated with requests. Callbacks are offered until the auction ends. You can utilize this service by contacting us at 800-950-1202 or 212-750-7900.
Minimum bids and Bid Increments
A minimum bid is the price at which the lot will start at. Bids cannot be accepted below the minimum bid. The minimum bid is often times well below the estimate.
Bids are placed at incremental levels. The following is the bid increment table:
Lots starting below $50 are raised in $5 increments.
Lots from $50 to $100 are raised in $10 increments.
Lots from $100 to $250 are raised in $25 increments.
All lots at or above $250 are automatically raised at an increment of 10%.
Some lots have a reserve, which is an amount that is higher than the minimum bid, but is not shown on the lot detail page with the minimum bid and the estimate. If you enter a bid and the amount that shows on your screen after you have placed the bid appears in red that means the reserve has not been met. A maximum bid placed on a lot with a reserve will automatically be executed on the bidder's behalf to meet whichever amount is lower, the maximum bid or the reserve.
Bidding on lots of $10,000 and over
If you are bidding on a lot that reaches $10,000 or above you will be contacted by Gotta Have Rock and Roll.comTM and asked to provide your banking information, including name of bank, bank account number and a bank contact. We do this to protect our bidders from those who may not be seriously bidding and are “upping” the bid increments. For your safety, and ours, we want to make sure that all bidders on items of $10,000 or more can cover their payment if they are the winning bidder.
Invoices will be emailed within 24 to 72 hours of the close of auction. If the bidder has not registered with an email address the invoice will be mailed to the bidder's shipping address. Invoices must be paid within 14 days of receiving (except for the Bankruptcy Auction of Jackson Family Memorabilia, see special instructions above). If payment is not received within that time period, tor if the auction house is not able to contact the bidder within the time period, the credit card that the bidder registered with will be automatically charged and the lot(s) will be shipped to the shipping address that the bidder registered with. If the bidder's credit card is not valid and if payment is not remitted then the bidder will forfeit the lot(s) they have successfully bid on, they will be banned from all furture Gotta Have Rock and Roll.comTM online auctions and the matter will be turned over to our attorneys.
Payment options: We accept personal checks, cashier’s checks, money orders, wire transfers and credit cards. There is an additional 3.5% charge on payments made via credit card and PayPal. Bank transfer payments require an additional $25.00 charge. If paying by personal check we will ship your item(s) after the check has cleared our bank (within 10 business days). Checks should be made out to Gotta Have Rock & Roll.com and mailed to Gotta Have It, 153 East 57th Street, New York, NY 10022.
A 20% buyer’s premium will be added on to each invoice. (Except fot the Bankruptcy Auction of Jackson Family Memorabilia see special instructions above).
A 1.5% insurance fee for shipping will be added to each invoice.
New York State Sales Tax
New York States sales tax is charged on all orders shipped within New York State. The sales tax amount will be based on the hammer price plus the buyer’s premium. In no event will GOTTA HAVE IT!® Collectibles, Inc., GOTTAHAVEIT.COM or Gotta Have Rock and Roll.com™ be responsible for any sales tax, duties, or customs for any items purchased or shipped outside of New York State.
Shipping and Handling
The domestic shipping fee per lot is $25.00, plus the 1.5% insurance fee. PLEASE NOTE; THIS DOES NOT APPLY TO OVERSIZED LOTS SUCH AS FRAMED ITEMS, AND INTERNATIONAL SHIPMENTS. For multiple lots that are won by the same bidder the shipping charges will be combined at a reasonable rate. We use FedEx ground service for all our shipping and a signature upon delivery is required. If you wish to waive the signature requirement you will need to fax a letter to that effect addressed to: Pamela Cole, Gotta Have Rock and Roll, 153 East 57th St., New York, NY 10022. Our fax number is: 212-750-8080. You must sign and date the request with reference to the lot(s) you have successfully bid on.
Shipping fees on oversized lots or lots being shipped internationally will be calculated after the auction has closed and will appear on the invoice. Shipping fees on multiple items delivered to the same address will be combined. For the Bankruptcy Auction of Jackson Family memorabilia some lots may require special shipping and handling due to size and weight.
Gotta Have Rock and Roll.com™ is not responsible for computer or human error which may result in customer dissatisfaction. All clothing and accessories sold as is. All framed items and awards sold as is. The satisfaction of our customers is of paramount concern to us, however, and we will work within the best of our ability to resolve any issues that may arise. For the Bankruptcy Auction of Jackson Family Memorabilia: The auctioneer is not responsible for errors or omissions in the titles, descriptions or photographs. All items are part of the Vintage Associates LLC bankruptcy proceedings.